Lloyd's of London, a British insurance and reinsurance market, began around 1688 in what kind of place?

Question

Which old London market for cloth goods, founded by a charter from Henry I in 1133 and held annually at Smithfield and then Islington, was abolished in 1855 due to the disorderly rabble?

Answer 1

Coffeehouse
It began in Edward Lloyd's coffeehouse in Tower Street, London. In 1871 it was established as a corporate body, rather than a company, under the Lloyd's Act 1871.